Deemston Real Estate News

Regional Headlines

Remember the delinquency and foreclosure issues we had several years ago? It is still part of the biz. Hubzu, an online marketing platform, released data ranking the top 20 U.S. markets by the highest percentage of REO properties bought and sold within 2017 .
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U.S. consumers filed the fewest requests for a mortgage since late 2014 last week as most home borrowing costs reached their highest levels in more than seven years, the Mortgage Bankers Association said on Wednesday. A home is seen in the Penn Estates development where most of the homeowners are underwater on their mortgages in East Straudsburg, Pennsylvania, U.S., June 20, 2018.
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Scott Wagner, the Republican gubernatorial candidate in Pennsylvania, had a message for Victoria Clark when she told him that she is downsizing from her four-story home, partly because of the mortgage. "Under my plan, your school property taxes will go away," Wagner told Clark during a stop at her driveway sale while canvassing in her suburban Harrisburg neighborhood earlier this month.
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Scott Wagner wants to eliminate property taxes, but has yet to explain how he'd replace nearly $13 billion in revenue annually for municipalities across Pennsylvania. Pennsylvania is 45th out of 50 states, supplying less than 38 percent of total revenue for public education, federal data has shown.
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In what is already the wettest year on record in much of Pennsylvania and in recognition of National Preparedness Month, Wolf Administration officials from the Pennsylvania Department of Transportation , Pennsylvania Emergency Management Agency and the state Insurance Department today discussed how the state is analyzing and preparing for extreme weather, and also offered tips and resources for Pennsylvanians. PennDOT Deputy Secretary for Planning Jim Ritzman and Deputy Secretary for Highway Administration George McAuley outlined the impacts of this year's weather, as well as ongoing and future measures to plan for increased extreme weather.
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National Headlines

Home-renting company Airbnb Inc said on Monday it would remove listings in Israeli settlements in the occupied West Bank, a move Israel called a "wretched capitulation" to boycotters and Palestinians hailed as a step towards peace. FILE PHOTO: A woman talks on the phone at the Airbnb office headquarters in the SOMA district of San Francisco, California, U.S., August 2, 2016.
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Dear Mr. Premack: I was interested in your earlier article about children inheriting property. In my will I have stated that my house be sold only and that my children equally divide their share of proceeds.
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This past week it was oil taking the bear baton from equities, leading the market lower and focusing investor minds. It's been hard going for the asset class - excessive supply builds in the US, weakening global growth, the granting of waivers to buyers of Iranian crude and what looked like technical selling mid-week all helped to keep pressure on crude.
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Colliers International notes that B.C. residents were among those most in favour of legalizing cannabis, but its recent survey of worker attitudes found the province's office tenants are also the most likely to favour tight restrictions on the marketing, sale and use of cannabis in office buildings. Just 26 per cent felt cannabis should be modestly or mostly unrestricted.
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